North Star Investment Management Corp. raised its stake in shares of PowerShares Fin. Preferred Port. (NYSEARCA:PGF) by 10.4% in the fourth quarter, Holdings Channel reports. The firm owned 267,481 shares of the exchange traded fund’s stock after buying an additional 25,149 shares during the period. North Star Investment Management Corp.’s holdings in PowerShares Fin. Preferred Port. were worth $5,047,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new position in PowerShares Fin. Preferred Port. during the 3rd quarter valued at about $222,000. Susquehanna International Group LLP boosted its stake in PowerShares Fin. Preferred Port. by 456.3% during the 3rd quarter. Susquehanna International Group LLP now owns 41,330 shares of the exchange traded fund’s stock valued at $784,000 after purchasing an additional 52,930 shares during the last quarter. Cetera Investment Advisers boosted its stake in PowerShares Fin. Preferred Port. by 18.8% during the 3rd quarter. Cetera Investment Advisers now owns 22,039 shares of the exchange traded fund’s stock valued at $418,000 after purchasing an additional 3,489 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in PowerShares Fin. Preferred Port. by 6.5% during the 3rd quarter. Cetera Advisor Networks LLC now owns 104,774 shares of the exchange traded fund’s stock valued at $1,985,000 after purchasing an additional 6,411 shares during the last quarter. Finally, Wolverine Trading LLC boosted its stake in PowerShares Fin. Preferred Port. by 590.5% during the 3rd quarter. Wolverine Trading LLC now owns 74,549 shares of the exchange traded fund’s stock valued at $1,414,000 after purchasing an additional 89,749 shares during the last quarter.

PowerShares Fin. Preferred Port. (NYSEARCA PGF) traded up $0.01 during mid-day trading on Thursday, reaching $18.76. The company’s stock had a trading volume of 472,800 shares, compared to its average volume of 438,000. The firm has a market cap of $1,650.00 and a P/E ratio of 12.43. PowerShares Fin. Preferred Port. has a fifty-two week low of $18.07 and a fifty-two week high of $19.17.

The business also recently declared a monthly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were paid a dividend of $0.088 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.06 dividend on an annualized basis and a yield of 5.63%. This is an increase from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08. PowerShares Fin. Preferred Port.’s payout ratio is 66.23%.

A number of equities analysts have issued reports on the company. Canaccord Genuity reiterated a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research note on Thursday, October 19th. Royal Bank of Canada reiterated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research note on Monday, September 18th.

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PowerShares Fin. Preferred Port. Profile

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.

Want to see what other hedge funds are holding PGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares Fin. Preferred Port. (NYSEARCA:PGF).

Institutional Ownership by Quarter for PowerShares Fin. Preferred Port. (NYSEARCA:PGF)

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